Buffalo Wild Wings, Inc. (NASDAQ: BWLD) ("the Company"), today announced
that Judith A. Shoulak will retire as EVP and President, North America,
effective June 30, 2017.
"On behalf of the entire management team, I would like to thank Judy for
her nearly 16 years of tireless service at Buffalo Wild Wings," said
Sally Smith, Chief Executive Officer and President of Buffalo Wild
Wings. "Judy has played a key role in a wide variety of executive
capacities and her intimate knowledge of the restaurant business has
enabled her to be an agent of positive change throughout the Company. We
are very grateful to Judy for her dedication and leadership and wish her
the best in the future."
Ms. Shoulak commented, "I am proud of the Company's accomplishments
during my tenure and the recent progress we have made in implementing
our strategic plan. Buffalo Wild Wings is an extraordinary company and
it has been an honor to come to work here every day. While I will miss
working with a great leadership team, talented team members and
dedicated franchisees, I am confident that Buffalo Wild Wings is on
track to achieve its objectives as it becomes an even stronger, more
profitable restaurant company."
The Company intends to eliminate the President, North America position
upon Ms. Shoulak's retirement. Ms. Shoulak's team will report to our
Chief Operating Officer upon Ms. Shoulak's retirement.
About The Company
Buffalo Wild Wings, Inc., founded in 1982 and headquartered in
Minneapolis, is a growing owner, operator and franchisor of Buffalo Wild
Wings(R) restaurants featuring a variety of boldly-flavored,
made-to-order menu items including its namesake Buffalo, New York-style
chicken wings. The Buffalo Wild Wings menu specializes in 21
mouth-watering signature sauces and seasonings with flavor sensations
ranging from Sweet BBQ(TM) to Blazin'(R). Guests enjoy a welcoming
neighborhood atmosphere that includes an extensive multi-media system
for watching their favorite sporting events. Buffalo Wild Wings is the
recipient of hundreds of "Best Wings" and "Best Sports Bar" awards from
across the country. There are currently more than 1,220 Buffalo Wild
Wings locations around the world.
To stay up-to-date on all the latest events and offers for sports fans
and wing lovers, like Buffalo Wild Wings on Facebook, follow @BWWings on
Twitter and visit www.BuffaloWildWings.com.
Forward Looking Statements
Statements in this press release constitute forward-looking statements
for purposes of the Safe Harbor provisions under the Private Securities
Litigation Reform Act of 1995. These statements relate to our leverage
ratio, future purchases of shares and sources of funds for the same. All
statements other than statements of historical fact are statements that
could be deemed forward-looking statements and are based upon the
current beliefs and expectations of our management. We have attempted to
identify forward-looking statements by words such as, "intends," "may,"
"believes," "will," and other comparable terminology. Actual results may
vary materially from those contained in forward-looking statements based
on a number of factors, including, but not limited to, our ability to
achieve and manage our planned expansion, the ability of our franchisees
to open and manage new restaurants, market acceptance in the new
geographic regions we enter (particularly non-U.S. locations), success
of acquired restaurants, success of investments in new or emerging
concepts, our ability to obtain and maintain licenses and permits
necessary to operate our existing and new restaurants, our franchisees'
adherence to our system standards, the cost of commodities such as
traditional chicken wings and supply chain consistency, the success of
our key initiatives and our advertising and marketing campaigns, our
ability to control restaurant labor and other restaurant operating
costs, the continued service of key management personnel, economic
conditions (including changes in consumer preferences or consumer
discretionary spending), the impact of federal, state or local
government regulations relating to our employees, the sale of food and
alcoholic beverages, the effect of competition in the restaurant
industry, our ability to increase our credit facilities, and other
factors disclosed from time to time in our filings with the SEC,
including the factors described under "Risk Factors" in Part I, Item 1A
of our Annual Report on Form 10-K for the fiscal year ended December 25,
2016, as updated in subsequent reports filed with the SEC. Investors
should take such risks into account when making investment decisions.
Shareholders and other readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the date on
which they are made. We undertake no obligation to update any
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Buffalo Wild Wings, Inc.
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Source: Buffalo Wild Wings, Inc.
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